05/11/19 06:19 UTC-5

Canadian gas companies mine Bitcoin with gas

In Canada, they invented a way to reuse gas: the resource is used for miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
Bitcoin. The atmosphere will receive a minimum of natural gas, said the owner of the Upstream DataInc mining company, Steve Bearbour on Twitter.


Bitcoin mining will eliminate environmental damage

Canadian gas production organizations will eliminate air emissions. 500 cubic meters of fuel are used for mining the main cryptocurrency. Companies simultaneously solve two problems: environmental pollution and energy consumption for plants.

The owner of the Upstream DataInc mining company, Steve Bearbour, noted that up to 500 cubic meters of gas will bypass the atmosphere after an initiative with mining the main cryptocurrency. Previously, to prevent natural gas from escaping into the atmosphere, the resource was burned. But the burning procedure requires compliance with strict standards, so it is convenient to use gas for mining.

Interesting in the section: All you need to know about Genesis Mining: prices, profits, instructions

See also: "247Solar offers solar energy for the mining industry"

#Canada #Bitcoin #cryptocurrency #mining #ecology

Editor: Daria Mukhina


05/08/19 05:16 UTC-5

The mined cryptocurrency can now be displayed on the Coinbase exchange

​NiceHash cryptocurrency mining service announced the opening of ways to transfer cryptocurrency directly to the Coinbase crypto-exchange. According to the information, now users of cloud mining will be able to exchange the received coins without using a personal wallet.

31/10/19 05:00 UTC-5

247Solar offers solar energy for the mining industry

247Solar began work on the sale of concentrated solar power (CSP) technology for the global mining industry through ROST International Trading Limited, which announced the news on October 30th.